Amendment of section 35AD

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..... ted; (b) in sub-section (5),- (i) in clause (ah), the word and occurring at the end, shall be omitted; (ii) after clause (ah), the following clauses shall be inserted, namely:- (ai) on or after the 1st day of April, 2014, where the specified business is in the nature of laying and operating a slurry pipeline for the transportation of iron ore; (aj) on or after the 1st day of April, 2014, where the .....

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..... (vii) of section 28, the total amount of deduction so claimed and allowed in one or more previous years, as reduced by the amount of depreciation allowable in accordance with the provisions of section 32, as if no deduction under this section was allowed, shall be deemed to be the income of the assessee chargeable under the head Profits and gains of business or profession of the previous year in w .....

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